Online chess platform Immortal Game has discontinued its crypto token and "play-to-earn" features. This decision was made after the platform discovered that these elements encouraged widespread cheating among gamers.
Initially built on the Ethereum scaling network Immutable X, Immortal Game will cease to support its Checkmate (CMT) token. The platform will shut down its NFT marketplace, remove all crypto-related content from its website, and stop awarding crypto prizes in tournaments. These changes went into effect recently, according to a Discord post from a developer known as "Luxo."
Despite having raised $15.5 million in funding, with $12 million secured last year from blockchain investors such as TCG Crypto and Kraken Ventures, the firm is stepping away from the crypto space. This move aligns with the recent market trend, with CMT's value plunging by over 73% this year.
The decision to remove the crypto elements was motivated by an increase in platform cheating. According to Luxo, while these crypto aspects were meant to reward the community, they had led to a rise in unfair practices. This was mainly ascribed to the game's easy access and massive cash rewards.
While Immortal's chess piece NFTs will remain usable in the game's "Immortal mode," players must go to the Immutable marketplace and website to manage or trade these NFTs. Users with custodial wallets must also transfer their assets to self-custodial crypto wallets.
Per the official Discord post:
"The unintended consequence of offering money to players has increased the unfair practices, and we have decided that we cannot stand by and let this cheating happen any longer. While we'll still explore Web3 and decentralized technologies, particularly for anti-cheat measures and community engagement, our primary drive is to advance our chess platform, ensuring a fair and enjoyable environment for all players."
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